More than 40% of homes at a scheme in Barking town centre have been sold off plan, the developer has revealed.
NU living, part of the Swan Housing Group, confirmed that almost half of the properties at 360 Barking were purchased 18 months ahead of the scheme’s completion.
Designed by Studio Egret West, the development will deliver four interlinked residential towers including 291 homes, 96 of which will be allocated as affordable. Leisure and creative space will also be part of the scheme.
The new properties will be for shared ownership and private sale, with priority for Barking and Dagenham residents.
A spokesperson for the developer told BOLD that works was progressing on schedule. The foundations are now complete and two tower cranes have been installed to enable construction of the towers to begin.
“We are confident that 360 will contribute to the exciting regeneration happening across Barking,” said Geoff Pearce, Swan’s executive director for regeneration and development. “NU living is making great progress with the construction and we are looking forward to seeing the first towers go up over the coming months.”
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…